mindzap

mindzap Updated 

Monthly has no trending, weekly is trending up. After the recent highs in Sep, 2018, price bottomed out at round 260. Then consolidated until Mar, 2018. The rectangle shows patches were price spends maximum time. 291 was retested multiple times before price broke out of the previous narrow range 291 - 300 indicating that the bulls are in control. Now 300 will act...

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Monthly is still bullish (black line) and weekly is trending down. Currently weekly is retracing towards the red line. Once price hits the red line, I am anticipating a volatile move towards the black line. If market bounces off the black line and hourly shows HH/HL then that would be appropriate time to enter long. A wait of at least 2 weeks. If an entry can be...

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Market bottomed out at 415, price retested that area again however buyers were keen to step in from 423. From a multi month pivot perspective from 8/Mar onwards there was a range extension to the upside. It is shown as a rectangle in the chart. Market rallied up and broke the LH/LL sequence in weekly. Market tried to retest 498 from the recent highs however...

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Stock was selling off well and suddenly the weekly support around 300 gets respected. Open interest suggest that market is negatively biased. Using cloud as the guide taking a short trade with stop at 332 and target 360. A portion can be held on to see if market breaks above 360.

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There was a kind of double bottom on weekly spaced over time. Second swing high after RSI bottomed out. Took a long position with stop as shown. Trailing stop loss will be used to manage.

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On Monday (25/Jun) if daily closes above 85.25 it is probably time to get ready for the next swing. Stop is 82 and first target is 90 (last swing high).

mindzap Updated 

Bounces off a weekly support and price closed at the top in daily. Took a long position with stop and targets as shown.

mindzap Updated 

Took a long position from hourly with stop as shown. Missed the daily move early so had to hop in from hourly. Stop and targets as shown.

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Bounced off a weekly support around 260. Took a long position drawing support from the cloud as stop. Plan to manage using trailing stop loss.

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Took support from the clouds and respected 50 EMA and moving up. Took an entry at 245. First target is 263 and second target 275. Expecting this run to make new highs. Stop at 239.

mindzap Updated 

Monthly and weekly looking good and market shows interest at 91. Took long position with stop at 91. Immediate target is 115. If strong momentum continues it can become a multi month position. If 115 is met then plan to use 50 ema as the future stop and scale in whenever possible.

mindzap Updated 

This market has been in downtrend for quite some time. Recently there was strong momentum to the upside from 115 levels which is also a monthly support. One of the reason for extreme movement can be short covering. That price action changed the immediate market structure. 160 and 175 are key resistance areas. RSI had bottomed out and the next swing high will also...

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This market showed some strength. Took a long position at 90 with stop and target as shown.

mindzap Updated 

This market retains the market structure after the recent sell off. A bounce from 160 is a positive move. The plan is to make a entry after the current run finishes and price angles up. Stop is 160 and targets are as per the previous analysis. The only difference upside target should be trailed as the bounce indicates that price can go higher.

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This market has reached the lowest possible point. The price is below the clouds so primary trend is bearish. The company is getting funded by 1.7M preferential allotment to the promoter which can possibly go in to debt reduction. If the current low stays and price moves up to 24 and holds 20 then I see a possible turn around. A trade till the clouds is a...

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Construct is very similar to KTK bank. Entered at 242 with stop at 232. Around 230 there is a monthly support. Target 280.

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Market respects the monthly support and moves up. Took long position with stop at 35. First target is 61.

mindzap Updated 

Some recovery can be seen after the recent sell off. There is monthly support at 110 area and market has respected the same. Market took support around 110 and since then has been ranging between 110 and 125. The third retest of 110 saw buying with momentum. Expecting this momentum to continue till 140 - 150 range. A look at the open interest indicates that...